Question: A $ 5 0 0 , 0 0 0 bond issuance sold at 9 8 . Therefore, the bonds:O Sold at a discount because the

A $

500, 000

bond issuance sold at

98 .

Therefore, the bonds:O Sold at a discount because the coupon rate was lower than the market rate.O Sold at a premium because the coupon rate was higher than the mariat rate.O Sold at a discount because the market rate was lower than the coupon rate.O Sold for the $

500, 000

face amount.

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